Primarily my personal trading journal and thoughts/analysis on the financial markets (forex, futures, precious metals, inflation, stocks, economy, computerized trading strategies). I am not a registered investment adviser, and do not offer buy and sell recommendations of any given securities or asset classes. Please read disclaimer below at bottom of left panel.

Editor's Note: The Federal Reserve is required by law to refund all earnings minus the 6% shareholder dividend back to the U.S. Treasury. This lawsuit by a Federal Reserve whistle-blower alleges that a trillion dollars of the earnings a year is concealed and thus embezzled. The original lawsuit was thrown out as outlined by Bill Still. However, the amended complaint appears below. See You've been robbed by a bank and you haven't the slightest clue! for a good overview of how the Federal Reserve system works.
Video appears below.

Wednesday, November 13, 2013

“If you’re on Wall Street, you would just assume that you’re being ripped off, unless you were the one doing the ripping off,” says Dave Lauer, who has helped build robotic systems at top firms like Citadel.

This is the opening of The Wall Street Code, a new documentary on the mysterious and sometimes incomprehensible world of high frequency trading produced by Backlight, a Dutch public broadcasting company. The focus of the documentary isn’t on Lauer, who has testified as an expert at a Senate Committee Hearing on HFT, but on Haim Bodek, a "genius" algorithm architect who dared to break Wall Street’s notorious omerta, the industry’s unwritten rule of silence and secrecy.
...Read the rest here.

Disclaimer

The author of this blog is not a registered investment adviser. This blog is for the purpose of informational or entertainment/educational purposes only. Anything written within this blog is merely the author's personal opinion about the financial markets (or otherwise) and should not be misconstrued as a recommendation to buy or sell any given security(s) or assets of any class. The author makes no explicit or implicit warranty or guarantees concerning the effectiveness or quality of merchant products advertised herein. Therefore, any investment, trading or mercantile decisions that result in gains or losses based on any of the information or advertisements contained within this site is not the responsibility of the author.